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Author: ezra reguerra Source: Cointelegraph Translation: Shan Ouba, Bit Chain Vision Realm
The Court of Securities and Exchange Commission (SEC) no longer requires the court to make a decision and regard the tokens mentioned in the lawsuit of the cryptocurrency exchanges in the lawsuit.
On July 30, SEC submitted a response to the court’s ruling on July 9, 2024.In the document, SEC wrote that it seeks the “third -party encrypted asset securities” defined in the complaint that opposes Binance’s rejection.
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According to the US Securities and Exchange Commission, this has eliminated the needs of “whether the allegations of these tokens are fully ruling”.This means that government agencies no longer require the court to ruin whether the affected tokens are securities.
Which tokens will be affected?
In a lawsuit against Binance, SEC claims that several tokens are securities.The list includesBNB, BUSD, Solana, Cardano, Polygon, COSMOS, The Sandbox, Decentraland, Axie Infinity, Coti.
These tokens are only part of the securities tokens.In June 2023, SEC claimed that at least 68 tokens were securities, affecting cryptocurrencies worth more than $ 100 billion in the market.
The U.S. view of cryptocurrencies is changing
After the presidential candidate tried to win the support of American voters who supported cryptocurrencies, the US Securities and Exchange Commission withdrew the request to issue a ruling.
On July 27, former President Donald Trump promised to end the war against cryptocurrencies in the campaign.At the Bitcoin 2024 conference held in Nashville, Tennessee, Trump said that the United States would become “global cryptocurrency capital.”
The Republican candidate also said that he would dismiss the chairman of the US Securities and Exchange Commission, Gary Gustler on the first day of his president, and appointed a cryptocurrency and Bitcoin presidential advisory committee.Trump said he would appoint a new chairman to help the United States “build the future rather than hinders the future.”
At the other end of the political spectrum, the view of cryptocurrencies has begun to change.On July 27, the Democratic Party of the US House of Representatives signed a letter calling on the party to adopt a “forward -looking attitude” to the blockchain and digital assets.
In order to respond to this letter, the presidential candidate and the current vice president Kamara Harris contacted cryptocurrency to repair the party’s connection with the cryptocurrency industry.
